What is Pediatric Drugs?
Growing prevalence of pediatric diseases will help to boost global pediatric drug market in the forecasted period. Pediatric drugs are a special class of drugs which are prescribed to children and infants for various diseases. These drugs are applicable in various conditions such as asthma, birth defects, anorexia, cancer in children, growth deficiencies, juvenile diabetes, attention deficit hyperactivity disorder, and many others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Bayer (Germany), Eli Lilly (United States), Forest Laboratories (United States), GlaxoSmithKline (United Kingdom), Johnson & Johnson (United States), Novartis Pharmaceuticals (Switzerland), Novo Nordisk (Denmark), Merck (United States) and Pfizer (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Allergy and Respiratory Drugs, Anti-Infectives, Cancer Therapies, Cardiovascular Drugs, Central Nervous System Drugs, Gastrointestinal Drugs, Hormone Drugs and Urological Drugs) , by application (Hospital, Clinic and Drugstore) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pediatric Drugs market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Pediatric Drugs market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Abbott Laboratories (United States), Bayer (Germany), Eli Lilly (United States), Forest Laboratories (United States), GlaxoSmithKline (United Kingdom), Johnson & Johnson (United States), Novartis Pharmaceuticals (Switzerland), Novo Nordisk (Denmark), Merck (United States) and Pfizer (United States).
Market Overview:
On 2nd January 2019, Bristol-Myers Squibb Company has announced the U.S. Food and Drug Administration (FDA) has expanded the indication for Sprycel ® (dasatinib) tablets to include the treatment of pediatric patients one year of age and older with newly diagnosed Philadelphia chromosome-positive (Ph+) acute lymphoblastic leukemia (ALL) in combination with chemotherapy.
The Best Pharmaceuticals for Children Act (BPCA) became law in 2002. It was reauthorized in 2007 under the Food and Drug Administration (FDA) Amendments Act, in 2012 under the FDA Safety and Innovation Act, and again in 2017 under the FDA Reauthorization Act. According to the act, “To encourage the pharmaceutical industry to perform pediatric studies to improve labeling for patented drug products used in children, by granting an additional 6 months patent exclusivity. For NIH to prioritize therapeutic areas and sponsor clinical trials and other research for off-patent drug products that need further study in children”
Pediatric Drugs Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Government Support and Initiation of National Programs
- Fueling Demand for Chronic Treatment Drugs
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Major Trends | - Increasing investment on R & D for Pediatric Drug
- Growing Incidences of Obesity
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Restraints | - Low Disposable Income
- Concerns Regarding Adverse Side Effects
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Road Blocks / Challenges | - Lack of Awareness in Developing Countries
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Gaps & Opportunities | - Technological Advancement in the Pediatric Field
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Key highlights of the Global Pediatric Drugs market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Pediatric Drugs market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Pediatric Drugs market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Pediatric Drugs Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pediatric Drugs market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Pediatric Drugs market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Pediatric Drug Manufactures, Suppliers and Distributors, Pharmaceuticals Companies, Industry Associations, Government Regulatory Bodies, Government and Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.